Question

4. Which of the assets given below are fixed:
a) Carts.
b) Cash
c) Stock
d) Debtors​

Answer 1

Answer:

option C

Explanation:

stock has individual property

Answer 2

Answer:

Stock

Explanation:

Given that individual property is fixed, stocks may be the answer.

The following is a list of a fixed asset's essential qualities:

1. They have a longer useful life than a year.

Fixed assets appear as property, plant, and equipment on a company's balance sheet and are non-current assets with a shelf life of more than a year (PP&E).

2. They may lose value.

With the exception of land, fixed assets are depreciated to reflect typical usage wear and tear.

3. They are used to company activities and offer long-term financial rewards.

Using fixed assets, the company generates revenue while providing goods and services. They are not offered for sale to customers or kept as investments.

4. They lack liquidity

Fixed assets are categorized as non-current assets on a company's balance sheet since they are not easily convertible into cash.

Fixed assets are long-term material possessions used in business operations. They are shown as property, plant, and equipment (PP&E) on the balance sheet because they have a useful life of more than a year and provide long-term financial advantages.

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